Zynga Files With the SEC -- $1B IPO Is On The Way
Zynga just announced that they have filed a registration statement with the U.S. Securities and Exchange Commission (SEC) related to their initial public offering. The number of shares to be offered and the price range for the offering have not yet been determined, but the shares will be split between being sold by Zynga and by current Zynga shareholders.
Zynga is working with a series of firms, including Morgan Stanley, Goldman Sachs, Merrill Lynch, Barclays and J.P. Morgan. Based on current valuations and estimates, it is looking like it will be a $1 Billion IPO, with up to 10 percent of the company available to the public.
There isn’t much more detail yet, but we’ll be updating here with more information as it becomes available.
